Business admin assignment 1 Essay Example | Topics and Well Written Essays - 1250 words

Business admin assignment 1 - Essay Example It is also considered one of the most admired companies in the United States since many people recognize its performance and strategic planning (Dowling, 2008). This is mostly seen in the strategies that are used in enhancing its markets. This has been widely attributed by globalization. First, globalization has played a major role in expanding the performance of apple inc. This has been realized as there is increased competition from the corporation. With the induction of globalization, many corporations find it easy to penetrate into other markets (Berry, 2005). As such, they have the legality of selling their products in all markets across the globe. With induction of their products in such markets, many people have access to a variety of products which are available in the market. Since the population has a variety of products, they have the freewill of choosing the best quality products. This will have a positive impact on the quality of products that are sold in the market. Sim ilarly, this is an opportunity to reduce any chances of corporations monopolizing a market. Monopolies have direct control over the market and may likely supply substandard products. However, with the induction of Apple Inc in the market, the corporation has been able to give the market unparalleled products. This has been awaking call for other companies that would like to dominate the market. Secondly, globalization has played a major role in ensuring there are economies of large scale production. Businesses have been stating that the costs of productions are escalating with each passing year. However, large corporations have stated that economies of large scale production are the only solution to effective production. This has been proved by Apple Corporation as it savors large scale production. This reduces the cost of production, cost of labor and other miscellaneous expenses. As such, the corporations are able to produce high quality products to the market at an affordable pri ce. Similarly, the corporation is able to make substantial profits that are used in expansion (Berry, 2005). In many instances, corporations plough back profits into the business with the essence of increasing production. In addition to enhancing the performance of the corporations, globalization has helped these corporations to increase competitiveness. Apparently, this has helped many corporations to reconsider customer needs and their values. As a matter of fact, many customers in the market are now realizing the cost effectiveness of globalization through production of better products that are of high quality. As such, customers feel that their needs and preferences are approached in a satisfactory manner. Thirdly, globalization has helped many corporations including Apple Corporation to realize the positivity of location flexibility. When there is globalization, many corporations find it appropriate to expand their businesses to other untapped markets. These markets provide a s ubstantial demand market for their products as they feel the urge to purchase such products. In the end, the corporation benefits substantially as it increases its profits. In addition to this, the corporation realizes the reduction in costs of production. For instance, when they start another plant in an area, they use locally available labor, materials and other resources in the same